A method, apparatus, and computer readable storage medium to implement a wagering paradigm in which a player can place a wager amount to wager on a random potential outcome of a series chosen randomly by a computer. The series can be a sporting event such as the World Series, and the random potential outcome can be an electronically randomly picked team. If the randomly picked team turns out to be the actual team that wins the World Series, then the wager would win. The payout on a winning wager can be determined using a number of algorithms, for example each possible team is given an equal payout. The wager can be placed before the series begins, during the series (e.g., after at least one game has been played or has been started), and even after the series has ended.